Hey everyone.
Following is a recorded chat/video presentation of the binary options over at NADEX. (http://www.nadex.com/)
It an event jointly organised by PFG@BEST & NADEX over at the Options Room.
The speaker is Dan Cook.
In June of 2011, Dan Cook was appointed director of business development for Nadex, a Commodity Futures Trading Commission (CFTC)-regulated, online futures exchange that is geared toward retail investors. Before taking his current position, he was chief executive officer of IG Markets, Inc.
In case of those who is not aware of NADEX, this is the one and only US (Chicago-based) derivatives exchange designed for the retail investor that also offers binary options.
NADEX is subjected to regulatory oversight by the US-CFTC and is the only U.S. exchange to let individual traders be direct members.
NADEX is part of IG Group, a global financial services provider with a market cap of over $2.5bn (as of Dec 2011)
Hence in the industry of binary options, NADEX is the one and only that is legit.
And when i say legit, it is not my opinion or views but a fact that with its intended meaning of the word legitimacy.
The chat/video presentation is 60 mins long. Its a little heavy with in-depth introduction to the way binary options are traded and possibly be traded at NADEX. And it is not so newbie-friendly in terms of jargon and strategies mentioned, so be warned.
But for those who wants to explore the next level of binary options, this would be the only and logical place to start.

https://pfgbest.adobeconnect.com/_a754462265/p87o0bymnos/?launcher=false&fcsContent=true&pbMode=normal

Thank you for sharing this presentation.

I purchased a book last month which explains about Nadex and general strategies with BOs, I find it quite good, especially the market sentiment analysis part and the impacting economic forces.

http://eu.wiley.com/WileyCDA/WileyTitle/productCd-0470952849.html

Quote from Garrison on February 18, 2012, 07:55
Cherrycoke,

Again, I am impressed with your wisdom way beyond your years.

thanks,Garrison, greatly appreciate your comments and feedback as always

Quote from heavenlee on February 18, 2012, 13:43
cherrycoke,

will you be trying out nadex?

Hey Heavenlee
yes i will. but they are not open to non-US citizens.
I tried signing up 1 year ago and they told me that. They also advised me to sign up at one of the derivative center or exchange as a member first before they can let me trade with NADEX. cant recall which or where i need to signup first.
Which led me to naming them NADEX = No Asian Derivative Exchange.
But i will sign up soon. NADEX offers a different model of binary options from the payout to the trading model. its very different from these off-shore brokers.

Quote from Tripack on February 18, 2012, 08:43
Thank you for sharing this presentation.

I purchased a book last month which explains about Nadex and general strategies with BOs, I find it quite good, especially the market sentiment analysis part and the impacting economic forces.

http://eu.wiley.com/WileyCDA/WileyTitle/productCd-0470952849.html

Totally agreed. One of the very few good books that are written specifically for binary options.

Binary options have been traded actively in recent years among the big banks and market players. One of those is Merlin FX trading platform by Credit Suisse.